Wires

Camfin rallies after convertible bond launch

Share

MILAN, Oct 12 (Reuters) - Shares in Camfin , theparent company of tyremaker Pirelli , extended gains torise nearly 5 percent in Milan in early trade on Friday.

Camfin said on Friday it launched a fixed-rate 150 millioneuro ($194.14 million) bond convertible into 5.85 percent ofPirelli shares.

At 0724 GMT Camfin shares were up 4.38 percent at 0.51 euroswhile Pirelli was down 0.68 percent at 8.79 euros in a broadlyflat Milan market.

(Reporting By Lisa Jucca)((elisabetta.jucca@thomsonreuters.com)(Tel +39 0266129442)(Reuters Messaging:elisabetta.jucca.thomsonreuters@reuters.net))

Keywords: CAMFIN BOND/SHARES

Related Tags